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Tag: UK

Boe Governor: Bank Has Scope for more Qe on Falling Inflation; Uk Recovery to be Uneven

Jan 24 2012 21:31:03 in Market

News: BoE's King on Tuesday said that cbank had scope for another QE, if needed, as inflation is falling and Britain faces an "arduous, long and uneven" economic recovery. Read more

Uk Debt Situation "unsustainable" says Treasury

Jan 24 2012 10:31:11 in Market

News UK debt situation with 1 trillion pounds of outstanding debt in December is showing that govt. spending in prvious years were unsustainable said UK treasury The latest data showed that even after lower than expected borrowing in December, net debt reached 1. Read more

Boe's Posen : Believes Uk Growth Trend to Return to Pre-Crisis Level

Jan 23 2012 19:31:02 in Market

News UK's weak productivity should improve and growth likely to return to its pre-crisis level - Adam Posen said on Monday. Posen added that productivity growth or underlying growth in GDP may be around 0. Read more

France, Germany and Uk Willing to Talk to Iran, if It Takes "seriously"

Jan 23 2012 18:31:02 in Market

News France Germany and UK ready to negotiate with Iran if it was ready to talk seriously about its nuclear programme "We call on Iran's leadership immediately to suspend its sensitive nuclear activities and abide fully by its international obligations," - joint statement by France, Germany and... Read more

Research: Uk Unlikely to Avoid a Contraction in Q1 2012

Jan 23 2012 12:31:04 in Market

Quotes from RBS: -The ongoing Euro area crisis will continue to dampen demand for UK exports and private consumption is expected to suffer amid soft earnings and rising unemployment. Hence, it looks unlikely that the UK will avoid a contraction in Q1:12. Read more

Economic Disparities Between UK Cities Growing: Report

Jan 23 2012 08:01:03 in Market

The economic gap between UK cities are widening, while they continued to face the impact of the economic downturn, research group Center for Cities said in a report on Monday. Read more

Boe's Broadbent sees Volatile Growth for Uk Economy in 2012

Jan 20 2012 10:31:04 in Market

News BoE policymaker Ben Broadbent said on Friday that Britain's economy was broadly flat and growth is likely to be volatile for much of 2012 He also said that he expected inflation to continue falling and that recently announced cuts in gas prices should help at the margin Quotes "It is clea... Read more

UK Consumer Confidence Declines In December

Jan 19 2012 03:31:05 in Market

British consumer confidence declined in December due to continued strong pessimism regarding the economy's prospects this year, a survey by Nationwide Building Society revealed Thursday. The consumer confidence index fell to 38 in December from 40 in November. Read more

Uk Nationwide Consumer Confidence Declines to 38

Jan 19 2012 01:31:14 in Market

News UK consumer continues to remain in somber mood revealed Nationwide consumer confidence which declined to 38 in December from 40 in January This is the second lowest reading on record since 2004 and lowest reading of 36 was also seen very recently in Oct 2011 The 'expectat... Read more

Pound Mixed After UK Claimant Count Report

Jan 18 2012 12:01:03 in Market

The pound showed mixed trading against its major rivals in early deals on Wednesday after a report showed that the U.K. unemployment rate reached its highest level since 1995. While the pound drifted lower against the euro and the Swiss franc, it strengthened versus the dollar and the yen. Read more

Japan, Uk Fms Urge Europe to Make more Efforts to Resolve Debt Crisis

Jan 18 2012 04:31:14 in Market

News Finance Ministers of Japan and UK at a meeting on Wed urged Europe to make more efforts to resolve its debt crisis They agreed to seek ways to provide more resources to the IMF to support it at an upcoming G20 meeting The ministers also discussed about potential negative impact of the U. Read more

Fms of Japan and Uk discussed How Japan, Uk can Work With Imf to Help Resolve Europe Crisis

Jan 18 2012 04:31:13 in Market

News UK's George Osborne said on Wednesday that he discussed with Japanese officials how Britain and Japan can work with the IMF to help resolve Europe crisis He also said they talked about Iran's nuclear mission and agreed that Iran should not be allowed to have nuclear weapons The material ha... Read more

Posen - Sharp Drop in Uk Dec Inflation Is in Line With Boe Forecast

Jan 17 2012 20:31:04 in Market

News: Sharp decline in UK's Dec inflation is in line with cbank target - Adam Posen Inflation dipped to 4.2 pct in Dec from 4.8 pc in Nov. BoE expects inflation to fall below the 2 percent target in the final quarter of 2012. Read more

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